Index
Chicago Residential Landlord and Tenant Ordinance (RLTO)
Summary
A local ordinance providing extensive protections to tenants, including strict rules on interest payments for security deposits.
Rights & Rules
- 01.Landlords must pay interest on security deposits every 12 months.
- 02.Tenants must be given a written summary of the RLTO attached to every lease.
- 03.Late fees are capped at a specific dollar amount or percentage of rent.
Penalties
- 01.Failure to pay interest can result in a penalty of two times the security deposit amount.
- 02.Failure to provide the RLTO summary allows the tenant to terminate the lease immediately.
Verified Citations
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